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o No bike lane (See PUD application Exhibit 3 — Right of Way improvement), <br /> The preceding exceptions will facilitate the development of a Master Planned PUD called <br /> Lehua Villages and consists of two development components, Lehua Village 1. and Lehua <br /> Villaae 2. <br /> Lehua Villa=7e 1 would be situated on Parcel 136 (7.137 acres of lands with lot sizes <br /> ranging froan 10.006 square feet to 23,400 square feet. These 20 lots are proposed to be sold at <br /> affordable rates consistent with affordable Dousing guidelines for Hawaii County and pursuant <br /> to in executed affordable housing agreement between the applicant and the Office of Housing <br /> and C omnunitw° Development (OHCD). Letitia Village 2 would be situated cin Parcel 10 (7.185 <br /> acres of laird) wwida lot sizes ranging from 10,000 square feet to 33,000 square feet. These 20 lots <br /> will be offered for sale at market rates. <br /> The applicant has concurrently applied for a change of zone for the properties from <br /> Single-Family Residential 10,000 square feet (RS-10) to a Single-Family Residential 15,000 <br /> square feet (RS-15) zoning designation, effectively reducing the mathematical density allowed <br /> on subject properties from 60 to 40 lots. <br /> According to the applicant, the purpose for the requested PUD permit is to promote tlae <br /> development of a single-family residential development that is more neighborhood-friendly and <br /> consistent with the rural character prevalent throughout the Honoka a town area. <br /> Another primary purpose for the requested PUD permit is to facilitate the design of this <br /> proposed residential co1nnaunity across two separate properties that are bisected by a meandering <br /> public road(Lehtaa Street)with unique topographic conditions that is not conducive,to the typical <br /> platting of lots that you would normally find on sites with more moderate grades and not <br /> constrained by an existing read. 4 <br /> Finally, both tine doww=nzoning and PUD will allow the applicant to defray infrastructure <br /> costs associated with typical subdivision desi4-ri in order to ensure that 50% of the proposed lots <br /> would be offered at affordable rates to prospective buyers. <br /> If the entitlement requests are approved, the applicant plans to submit a subdivision <br /> application by the end of 2022, with anticipated completion of the subdivision for both Villages <br /> within five (5) years, by the end of 2027. Tlie applicant anticipates the project will cost <br /> approximately,, S3 million to S4 million. <br /> The put-pose of a PUD is to encouraLge comprehensive site planning that is compatible <br /> with the sni-rounding, community and that adapts the design of development to the land, by <br /> allowing diversification in the relationships of various uses, buildings, structures._ open spaces, <br /> and yards, building heights, and lot sizes in planned building groups, while still ensuring that the <br /> intent of the Zonintiz Code is observed. <br /> The criteria forgranting a PUD penrilt are found in Rule 16-9 in the. Planning <br /> Commission Rules of Practice and Procedure and are discussed, as applicable, in further detail <br /> below.- <br /> The construction of the project can begin and be completed within a reasonable <br /> period of time from the elate of approval. According to the applicant, if the PUD permit and <br /> associated change of zone request is approved they will submit a subdivision application for the <br /> proposed project by the end of the year (2022) and plan to secure Final Subdivision Approval <br /> wvithin five years thereafter (end of 2027). The Planning Director believes that this timeframe is <br /> reasonable and will be added as a condition of approval. <br /> According to the Zoning Code, the effective date of any PUD permit approved by the <br /> -3- <br />